Cost sharing describes how both you and your insurance company pay your health costs. You pay a portion for each service you get, such as seeing a doctor or filling a prescription. Depending on the type of health plan you have, you may pay your share of the costs as a:
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Copayment, which is a fixed amount like $15 for a doctor's visit
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Coinsurance, which is a percentage of the cost of care, such as 30% of the cost
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Deductible, which is an amount you must spend on your care before your health plan pays anything toward your medical expenses.